Retirement tax questions

If you reach age 70 ½ in 2020 or later you must take your first RMD by April 1 of the year after you reach 72.

 

Contact your IRA plan administration and they will calculate the RMD and distribute it to you on a date you specify after you reach age 72 in 2022.

If you take the RMD in 2023 before April 1, 2023 then you will also have to take another RMD on or before 12/31/2023.